From CMEGroup website - Look up/ report a futures closing price over 3 consecutive days, and...

From CMEGroup website - Look up/ report a futures closing price over 3 consecutive days, and determining your $$profit or loss each of the 2 in-between days, as well as your 2-day P&L. Assume you are short one contract. You must list the contract specifications that are relevant for determining $$ values and contract p & l.

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Expert Solution

The contract is E-mini Dow Futures.

This contract has a multiplier of $5 (Each 1 point change in the index results in a $5 gain/loss).

As you are short 1 contract, a fall in the futures index will result in a profit.

The closing prices for 3 days, and the P&L are shown below ;

jeff jeffy answered 2 years ago

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